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Premium member Presentation Transcript Flexible Rightsizing Alternative Strategy for National Appliances: Flexible Rightsizing Alternative Strategy for National Appliances Presentation by: Juana Nunley Commentator: Juana Nunley University of PhoenixPresentation Goals: Presentation Goals Understanding the Problem & the Effects Understanding the Significance of Flexible Rightsizing Historical Background of Flexible Rightsizing Rightsizing Action Plan Roles & Responsibilities of the Implementation Team Flexible Rightsizing at FedEx Flexible Rightsizing at Disney Ongoing Evaluation and Team PerformanceUnderstanding the Problem: Understanding the Problem Decrease in Production Time Job elimination for over 300 employees Shutdown 2 Plant Operations Communication Barriers ( Maital & Seshadri , 2007) Lack of Inclusion (Hickman, 2010) Social ResponsibilityThe Solution – Flexible Rightsizing: The Solution – Flexible Rightsizing Is usually in addition to other rightsizing options that promotes flexibility in the workplace may include additional practices such as: F urloughs Reduced work weeks Sabbaticals Telework Paycuts Angrisani Turnarounds, LLC. (2012). The Angrisani hierarchy of value creation model. Retrieved from http://www.alangrisani.com/turnaround.htmlOverview of New Strategy: Overview of New Strategy Inclusion, Job Autonomy, & Strong Climate Flexible rightsizing is a term that refers to flexibility in the workplace (Alliance for Work-Life Progress, 2009) and rests as an essential business strategy that incorporates many fundaments. Downsizing vs. Rightsizing (Apex House, 2011)Approach to Rightsizing : Approach to RightsizingAudience Participation Questions: Audience Participation Questions How would you modify or create the team selection process? What level of cost reductions do you anticipate? What likelihood ( Likert Scale) would you consider options to address reducing costs? What happens when the implementation team is not performing to expectations? What do you consider the biggest challenge of implementation?1st Question: 1 st Question How would you modify or create the team selection process ?2nd Question: 2nd Question3rd Question: 3rd Question4th Question: 4th Question5th Question: 5th Question What do you consider the biggest challenge of implementation?Rightsizing Action Plan: Rightsizing Action Plan ( Gandolfi , 2008)Collective Agreement of Roles & Responsibilities: Collective Agreement of Roles & Responsibilities Employee A Employee B Core Functions Plant Manager Plant Operations Operational Experience Production/Cost Strategies Communication/Logistics New Skills Team Building Shared LeadershipRightsizing with FedEx: Rightsizing with FedEx Flexible Project Management (Scenario) Update and Revise Processes Allow for different Rightsize Options Manage and monitor secondary projects Collective Team Efforts (Retail Design and Construction Today, 2012)Rightsizing with Disney: Rightsizing with Disney Corporate Rightsizing Layoffs and Workforce Reductions Voluntary Separations Package Rehiring as Independent Contractors Redundancies in Technology Eliminated (Disney, 2012)Participative Question How do we modify or create an evaluation criteria?: Participative Question How do we modify or create an evaluation criteria? Apex House, 2012Ongoing Evaluation Options: Ongoing Evaluation Options Apex House, 2012References: References Alliance for Work-Life Progress. (2009). Flexible rightsizing as a cost-effective alternative to layoffs . Retrieved from http://www.awlp.org/pub/FlexTool.pdf Apex House. (2011). Downsizing vs. rightsizing . Retrieved from http:// www.tony-miller.com/right-sizing.asp Coyne, K. P., Coyne, S. T., & Coyne, S. J. (2010). When you've got to cut costs now. Harvard Business Review , 88 (5), 74-82. Disney. (2012). Corporate rightsizing . Retrieved from, http :// globalprivatefunding.com/global_private_funding_services_corporate_rightsizing.php?PHPSESSID=277278d337998102014d7d53f893c5c5 Gandolfi , F. (2008). HR strategies that can take the sting out of downsizing-related layoffs. Ivey Business Journal , 72 (4), 1. Hickman, G. R. (Ed.). (2010). Leading organizations: Perspectives for a new era (2nd ed.). Thousand Oaks, CA: SAGE Publications . Jeffrey Hill, E. E., Grzywacz , J. G., Allen, S., Blanchard, V. L., Matz -Costa, C., Shulkin , S., & Pitt- Catsouphes , M. (2008). Defining and conceptualizing workplace flexibility. Community, Work & Family , 11 (2), 149-163. doi:10.1080/13668800802024678 Maital , S., & Seshadri , D. V. R. (2007). Innovation management: Strategies, concepts and tools for growth and profit . Thousand Oaks, CA: Response Books . Retail Design and Construction Today. (2012). Rightsizing of FedEx office stores required detailed, flexible project management . Retrieved from, http://www.rdctoday.com/MasterArticlePage/ArticleView/tabid/920/ArticleId/6102/Rightsizing-of-FedEx-Office-stores-required-detailed-flexible-project-management.aspx You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.